HSBC: Anthropic IPO May Matter More Than US Midterms

Cointime reports: HSBC strategist Max Kettner said a potential Anthropic IPO could have a deeper market impact than the US midterm elections, speaking before Thursday’s US stock selloff. Kettner, who cut equities to neutral from overweight two weeks ago, said this week’s tech selloff did not break the AI trade’s basic logic but he remains cautious after the midterms. He said the IPO, if it proceeds on schedule in about two weeks, is what could truly clear market risk.